Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $35.50.

A number of research firms recently issued reports on RBA. Royal Bank Of Canada set a $41.00 target price on Ritchie Bros. Auctioneers and gave the company a “buy” rating in a research note on Saturday, April 22nd. BidaskClub lowered Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet lowered Ritchie Bros. Auctioneers from a “b” rating to a “c+” rating in a research note on Monday, May 8th. Jefferies Group LLC reissued a “hold” rating and set a $29.00 price target on shares of Ritchie Bros. Auctioneers in a research note on Friday, May 5th. Finally, Scotiabank reduced their price target on Ritchie Bros. Auctioneers from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, May 8th.

A number of hedge funds have recently made changes to their positions in the stock. CGOV Asset Management increased its stake in shares of Ritchie Bros. Auctioneers by 18.6% in the first quarter. CGOV Asset Management now owns 3,298,901 shares of the business services provider’s stock valued at $144,392,000 after buying an additional 518,440 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of Ritchie Bros. Auctioneers during the first quarter valued at $176,000. Grandeur Peak Global Advisors LLC increased its stake in shares of Ritchie Bros. Auctioneers by 11.6% in the first quarter. Grandeur Peak Global Advisors LLC now owns 486,325 shares of the business services provider’s stock valued at $16,000,000 after buying an additional 50,675 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Ritchie Bros. Auctioneers during the first quarter valued at $4,559,000. Finally, Bank of America Corp DE increased its stake in shares of Ritchie Bros. Auctioneers by 8.6% in the first quarter. Bank of America Corp DE now owns 871,136 shares of the business services provider’s stock valued at $28,661,000 after buying an additional 69,062 shares in the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

WARNING: “Brokerages Set Ritchie Bros. Auctioneers Incorporated (RBA) Price Target at $35.50” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/06/22/ritchie-bros-auctioneers-inc-rba-given-consensus-rating-of-hold-by-analysts-updated-updated-updated.html.

Ritchie Bros. Auctioneers (NYSE RBA) traded down 0.94% during midday trading on Tuesday, hitting $28.58. The company had a trading volume of 654,394 shares. The stock has a market cap of $3.06 billion, a PE ratio of 42.03 and a beta of 0.57. The stock’s 50-day moving average price is $31.20 and its 200-day moving average price is $32.64. Ritchie Bros. Auctioneers has a 52-week low of $27.13 and a 52-week high of $39.96.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Tuesday, May 23rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.68 annualized dividend and a yield of 2.38%. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 100.00%.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.

Receive News & Stock Ratings for Ritchie Bros. Auctioneers Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Incorporated and related stocks with our FREE daily email newsletter.